Home / Crypto Currency / Cryptocurrency Lending Platform Lavenir Announces Partnership with Merrill Lynch

Cryptocurrency Lending Platform Lavenir Announces Partnership with Merrill Lynch

Lavenir is one of the latest projects to hit the cryptocurrency world that launched its ICO on April 4. With the ICO price set at 1 Ethereum (ETH) being equal to 1000 Lavenir (LVR) tokens. Early investors are also able to receive a variety of bonuses through the ICO. It is a lending platform which aims to connect cryptocurrency investors with financial experts and experienced traders in order to grow their cryptocurrency holdings.

Lavenir has announced on social media that it has partnered with wealth management giant Merrill Lynch in order to provide its investment products on a mainstream level, as well as work with Merrill Lynch to provide other investment products beyond just those dealing with cryptocurrency. It was also noted that Lavenir is currently seeking other partnerships with major companies dealing with investments and wealth management in order to provide more mainstream exposure to Lavenir’s services as well as provide the best possible products to users.

The Lavenir Business Model

This platform will allow users to lend their digital currency to the exchange against interest payments. However, it is worth noting that this is not intended to be a get rich quick scheme. Users will lend crypto to the platform and then expect to get some of the profits based on a set interest rate. Unlike other sites which only accept Bitcoin or Ethereum, Lavenir will accept a variety of cryptocurrencies allowing users to earn interest on a larger share of their holdings. There is also the possibility that the platform will add other crypto coins in future to match the needs of investors.

The platform will be backed by a team of financial experts who have years of experience in the crypto markets. They have also worked with other financial instruments such as bonds and stocks with much success. Proven trading methods will be used to ensure maximum profitability with the lowest possible risk to investor funds. Their aim is to make cryptocurrency investments profitable; despite the level of engagement that the user has with crypto markets.

It Offers a Stable investment Opportunity

Lavenir is a revolutionary platform created with the aim of creating long-term value for investors. There are various investment rates and terms that will be offered, including the option to lend with no minimum loan period. These terms and trades are in line with the platform’s long-term vision of creating a reliable, stable, and secure way of delivering returns from crypto investments. The ultimate goal is to offer a dependable source of income for those who chose to invest in the platform.

Besides that, the interest rates offered on this platform are stable and locked in at the time the loan is made. This is unlike on other platforms where the rate promised may fluctuate due to complicated forumlas. The main reason for these fluctuations is that these sites rely on trading bots. However, the Lavenir platform is run entirely by experts.

To learn more about Lavenir and the ICO, visit www.lavenir.io

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Read more

Check Also

Huge Litecoin Transfer Shows How Absurdly Expensive Regular Remittances Are

In the world of finance, transferring money around the world can be expensive. This is especially true where banks and other service providers are concerned. On the other side of the spectrum, we have the cryptocurrencies and a recent $99 million Litecoin transaction barely cost $0.4 in fees. Remittances Remain Expensive and Slow Transferring money across borders is not the most straightforward process. Banks charge rather high fees, often dependent on the country of the recipient. Additionally, such transfers take anywhere from one to five business days, which is unacceptable in this day and age. Making a positive impact in this regard is not all that easy. Companies such as TransferWise make remittance cheaper. Other players are emerging on the scene as well. In most cases, their services are cheaper and slightly faster. However, compared to more innovative forms of money, such services can still use vast improvements. Based on the information by World Bank, remittances are incredibly expensive. Despite cost-cutting measures, the average fee remains at 7.13%. For a $500 transaction, that translates to paying $35.65 in fees. That does not even include conversion charges if a foreign currency is involved. Finding cheaper solutions will require a look beyond the traditional scope of financial solutions. The Litecoin Transaction Tells the Story In the cryptocurrency world, a massive transaction was completed last week. One user transferred $99 million worth of Litecoin to another wallet owner. In most cases, one would expect such a transaction to be subject to massive fees. That is not the case, as it is one of the cheapest transaction to ever take place in the world of finance. At a fee of just $0.40, sending millions around the world becomes a trivial matter. More importantly, this low fee does not delay the transaction. It took around 2.5 minutes to settle the transaction with no central parties or banks involved in the process. Compared to regular bank transfers, this process was at least 500 times faster despite the low cost of conducting the transfer. Banks often purposely slow transactions and hold onto funds to make extra interest on them. The origin and nature of this Litecoin transaction remain unclear. It is also unknown which parties are involved in this massive transaction. It does show cryptocurrencies are a superior way of transferring large amounts of money around the world at virtually no cost. For anyone conducting remittances on a regular basis, cryptocurrency is the only option worth considering. Image from Shutterstock The post Huge Litecoin Transfer Shows How Absurdly Expensive Regular Remittances Are appeared first on NewsBTC.

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.